Short Interest in Corbion (OTCMKTS:CSNVY) Declines By 71.4%

Corbion (OTCMKTS:CSNVY) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 200 shares, a decline of 71.4% from the May 31st total of 700 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is presently 0.3 days.

Corbion Stock Performance

Shares of Corbion stock remained flat at $21.22 during trading on Thursday. The firm’s 50 day simple moving average is $21.70 and its 200 day simple moving average is $21.11. Corbion has a 1-year low of $16.93 and a 1-year high of $25.08.

Corbion Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, June 11th. Stockholders of record on Monday, May 20th were given a dividend of $0.4836 per share. The ex-dividend date of this dividend was Friday, May 17th. This is a boost from Corbion’s previous dividend of $0.08. Corbion’s dividend payout ratio is 128.66%.

About Corbion

Corbion N.V. provides lactic acid and lactic acid derivatives, other ferment, functional enzyme blends, minerals, vitamins, and algae ingredients worldwide. It offers ingredient solutions for the food, home and personal care, animal nutrition, supplements, pharmaceuticals, medical devices, and bioplastics markets.